London Whale not responsible for Lehman Bankruptcy

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Peter Spence

JPMorgan trader, Bruno Iksil (AKA the London Whale), apparently had no part in the collapse of Lehman Brothers. Reuters reports that JPMorgan know from their own documents that the trader had not touched mismarked derivatives at Lehman. The trader earned his infamy as a result of stacking up some $6.2bn of losses while with JPMorgan.